M.P. Evans Group (LON:MPE) Shares Pass Above 200-Day Moving Average of $743.22

M.P. Evans Group PLC (LON:MPE)’s stock price crossed above its 200-day moving average during trading on Thursday . The stock has a 200-day moving average of GBX 743.22 ($9.13) and traded as high as GBX 769.50 ($9.45). M.P. Evans Group shares last traded at GBX 736 ($9.04), with a volume of 74,681 shares.

M.P. Evans Group Price Performance

The company has a debt-to-equity ratio of 8.42, a quick ratio of 1.91 and a current ratio of 2.30. The stock has a market cap of £398.88 million, a PE ratio of 1,115.15 and a beta of 0.68. The stock’s 50-day moving average is GBX 735.09 and its two-hundred day moving average is GBX 743.22.

M.P. Evans Group Cuts Dividend

The business also recently disclosed a dividend, which was paid on Friday, November 3rd. Investors of record on Thursday, October 12th were given a dividend of GBX 12.50 ($0.15) per share. The ex-dividend date was Thursday, October 12th. This represents a dividend yield of 1.63%. M.P. Evans Group’s payout ratio is currently 6,515.15%.

About M.P. Evans Group

M.P. Evans Group PLC, through its subsidiaries, engages in the ownership, management, and development of oil palm plantations in Indonesia. The company operates through Plantation Indonesia and Property Malaysia segments. It produces crude palm oil and palm kernels. The company is also involved in the property development; and oil-palm fresh fruit bunches production businesses, as well as provision of agronomic and management consultancy services.